Don’t Gamble With Your Dividends

[@Nanalyze]

Be sure to subscribe here for more insightful videos on disruptive growth stocks and dividend growth stocks: 👇 kzbin.info

[@Steve-nb9kg]

Just found this channel, thanks for pointing out risks in VICI. Seems to be a lot of groupthink going on in various KZbin channels.

[@Nanalyze]

Indeed. There seems to be a prevalent herd approach across social media. People pass around tickers like trading cards and don't put in the work to find out a) what they're really investing in and b) if there are better alternatives.

[@RegM86]

Did a buy write on VICI August 2024.

[@Nanalyze]

Got it. We'll record that in our ledger of "trades we've observed in YT comments." ;)

[@joepuntorno8469]

Definitely good analysis however I feel like you strayed away from many of the positives. Such as pricing power with rent they can easily raise rents above inflation over time, they seem to create more value with the debt they use rather than just diluting

[@Nanalyze]

Thank you! Creating more value with debt and pricing power to raise rent are typical characteristics of REITs we look at. Our mandate is to look for reasons NOT to invest in something as opposed to most pundits who focus on why you SHOULD invest in something.

[@ASenseofCapital]

Keep the critical view. There are enough channels who are focussed on pitching stocks and giving the audience just positive emotions. See Medical Properties Trust what can happen if negative aspects get ignored to heavily by the community...

[@danskisbees7348]

Thanks Joe, I'm so glad I sold my VICI and put it into PLD. I'm slowly; but, surely cleaning cleaning up my portfolio. Do y'all "like" PLD?

[@Nanalyze]

Cheers for the comment Dan. We don't cover many REITs and don't have an opinion on PLD.

[@NOXkaz]

The only property in the casino industry I like is MGM National Harbor. That place mints money and is the least-cyclical gaming property in the nation. The only REIT I am long is $EPR because I am of the belief that movie theaters are worth more than 0. It is incredibly dangerous to assume any FFO growth for $VICI. Vegas gets obliterated during large recessions. Coming from a casino employee.

[@Nanalyze]

Thank you for the comment! I've done my share of propping up these establishments ;) Joe P.

[@George-f8h]

I think one of the reasons there is so much interest in VICI is Joseph Carlson's KZbin channel. He is very popular, and he has nothing but good things to say about VICI. It's one of the holdings in one of his portfolios.

[@Nanalyze]

Maybe that explains why. Seems like there are much better choices out there when it comes to REITs.

[@George-f8h]

​@@Nanalyze You made some good points in your video about potential risks. My thinking is that having long-term leases and the ability to raise rents sound great on the surface, but unless you are very confident the tenants are able to pay the rents in the long run, you are taking on high risk. If the same management teams responsible for the casinos' failure are still running the casinos, I would have little faith they can get themselves out of trouble if the companies face a prolong downturn or unexpected problem, especially considering their huge long-term debts and VICI's revenues are highly concentrated on two tenants.

[@Nanalyze]

@@George-f8h You are spot on with that analysis. Thank you for sharing!

[@masoncnc]

Non of the other fanboi channels offer this analysis

[@Nanalyze]

Weekend warriors and instant analysts are there to chase clicks. We actually analyze stocks. ;)

[@masoncnc]

@@Nanalyze didn't mean to call you a fanboi channel. Poor phrasing.

[@Nanalyze]

@@masoncnc You're okay! We didn't see that you were. :)

[@sicarguy4478]

Thank you!!!! "O"

[@Nanalyze]

You're quite welcome!

[@BlazingFi]

Loved your content. However, it's very annoying to hear you swallowing saliva. Please drink more water...

[@Nanalyze]

Ah yes, the old cotton mouth problem. Noted. Thank you for the frank feedback. We'll tell the presenter not to puff the magic dragon immediately before recording a video.

[@Judge8484]

@nanalyze For what it’s worth, and if it’s of any consolation, I listen to many of your videos and this is not something I’ve ever noticed! Thanks for sharing your content!

[@Nanalyze]

@@Judge8484 When I worked in restaurants for many years, it was the people who didn't complain that worried us the most. It's great to hear negative feedback, especially when it comes to sound quality, so we can improve. Thank you for the additional feedback! Joe P.

[@Nanalyze]

Joe P. here. I listened to this again. The occasional swallowing seems to be a pause mechanism (as opposed to using uhhh) so I'll pay more attention to that going forward. I've been presenting for a long time and it's tough to change habits, but I always look to improve. Thank you!